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Billionaire Profile
Ted Alfond
Global Rank
#1199

Image: Unsplash Contributor | Unsplash License | via Unsplash

Ted Alfond

CEO, Shoes
UNITED STATES
Real-Time Net Worth
$3.525B
Estimated based on Shoes stock value as of March 6, 2026
+1.82% (24h)
Age
81
Source
Shoes
Industry
Fashion & Retail
Citizenship
UNITED STATES

Biography

Ted Alfond, born in 1945, is an American billionaire businessman. He is one of the three living heirs who became billionaires due to Warren Buffett's acquisition of the Dexter Shoe Company, founded by his father, Harold Alfond. Ted Alfond served as executive vice president at Dexter Shoe Company. The company was sold to Berkshire Hathaway in 1993. As of 2024, Ted Alfond's net worth is estimated at $3.3 Billion, with his wealth primarily stemming from his inheritance of Berkshire Hathaway shares. He is also a minority investor in Fenway Sports Group, the owner of the Boston Red Sox, and active in philanthropy, contributing to various charitable organizations.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Ted Alfond was born in 1945 to Harold and Dorothy Alfond. His father, Harold Alfond, founded the Dexter Shoe Company in 1958. Ted grew up in a supportive environment and graduated from Rollins College in 1968.

Rise to Success

After graduating, Ted joined the Dexter Shoe Company and became the executive vice president. In 1993, Harold Alfond sold Dexter Shoe Company to Warren Buffett's Berkshire Hathaway for $420 million in stock. Ted inherited a significant portion of Berkshire Hathaway shares from his father when Harold passed away in 2007, which made him and his siblings billionaires.

Key Business Strategies

Ted Alfond contributed to the family's success in the footwear industry through his role at Dexter Shoe Company. The company's sale to Berkshire Hathaway was a pivotal moment in the Alfond family's wealth. He is also a minority investor in Fenway Sports Group.

Philanthropy

Ted Alfond is known for his philanthropic endeavors. His father, Harold Alfond, established the Harold Alfond Foundation. Ted serves on the board of Dexter Enterprises LLC, and is also involved in various other boards of community and educational organizations.

Career Milestones

1968

Graduated from Rollins College

Ted Alfond graduated from Rollins College.

1995

Dexter Shoe Company sold to Berkshire Hathaway

Harold Alfond sold Dexter Shoe Company to Berkshire Hathaway for $433 million in Berkshire Hathaway stock.

2007

Inherited Berkshire Hathaway shares

Ted Alfond inherited a significant portion of Berkshire Hathaway shares from his father, Harold Alfond, making him a billionaire.

Philanthropy & Social Impact

Education and Healthcare

Harold Alfond Foundation

$XB

The Harold Alfond Foundation supports educational, healthcare, and other charitable institutions in Maine and Massachusetts.

Youth & Community Development

Alfond Leaders Student Debt Reduction Program

$5.5M

The Harold Alfond Foundation supports the Alfond Leaders Student Debt Reduction Program.

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